All articles by Verdict Staff
Verdict Staff
Bermuda named top island for real estate investment by world’s super wealthy
Bermuda has claimed the number one spot in a new list of the world’s top 20 islands for UNHWI real estate investment published in The Candy GPS Report.
Swiss authorities raid Bank J. Safra Sarasin offices
Swiss authorities have raided the offices of private bank Bank J. Safra Sarasin in connection with a German investigation related to cum-ex dividend deals, which is an investment strategy used to lower clients tax exposure.
Advisors embrace digital to better serve clients: Mackenzie Investments report shows
The financial services industry is embracing online technology as advisors look for ways to better serve investors. According to the Mackenzie Investments Advisor Online Report, advisors value personalized and high-quality content that is easily shared with clients, and they rely on mobile, and use social media, which is quickly becoming a critical business tool.
ING and ABN Amro inch closer to state exit
Dutch lenders ING and ABN Amro, bailed out in 2008, have inched closer towards state exit after passing the stress tests conducted by the European Central Bank (ECB) by a wide margin.
Australia monitors foreign banks to prevent money outflow offshore
The Australian Taxation Office (ATO) is keeping a close vigil on foreign banks with an aim to prevent outflow of money offshore by wealthy individuals.
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State Street Q3 net income improves
State Street has reported net income available to common shareholders of $542m for the third quarter of 2014, a marginal rise of 2% from $531m in the third quarter of 2013.
Hastings adds to its investment team in North America and Europe
Global infrastructure manager Hastings has continued its expansion and made three new appointments in its London and New York offices, further strengthening the firms global footprint in key markets.
Swiss banks ask for revisions in US tax amnesty deals
Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by the US have asked the US Department of Justice to revise about a dozen demands set out in the proposed non-prosecution agreement with the US government.
Canadian pension assets inch higher: RBC survey
Pension assets rose for a fifth successive quarter despite concerns over anemic economic growth in the Eurozone and escalating global issues during the three months ending September, according to the latest survey from RBC Investor & Treasury Services.
Axa Wealth funds under management swell 10% in Q3
AXA Wealth’s overall funds under management (FUM) in the third quarter rose by 10% to £27bn from from £24.6bn a year ago.